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LOANSHARK LOCK UP UNIT AT TAMPINES, ARRESTED IN LESS THAN 10 HOURS

The Police have arrested a 23-year-old man for his suspected involvement in a case of loanshark harassment.

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On 28 November 2023 at about 9.53am, the Police were alerted to a case of loanshark harassment at a residential unit along Tampines Street 43, where the gate of a residential unit was secured with a bicycle lock and a debtor’s note was pasted on the bicycle lock.

Through follow-up investigations and with the aid of images from Police cameras, officers from Bedok Police Division established the identity of the man and arrested him on the same day. One bicycle lock, one black pen, one scotch tap, one Exercise book and one mobile phone were seized as case exhibits.

The man will be charged in court on 30 November 2023 under the Moneylenders Act 2008. For first-time offenders, the offence of loanshark harassment carries a fine between $5000 and $50,000, with imprisonment of up to five years, and caning of up to six strokes.

The Police have zero tolerance against loanshark harassment activities. Those who deliberately vandalise properties, cause annoyance or disrupt public safety, peace and security, will be dealt with severely in accordance with the law.

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Members of the public are advised to stay away from loansharks and not work with or assist them in any way. The public can call the Police at ‘999’ or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in loansharking activities.

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